Man arrested in Dortmund bomb attack on suspicion of stock plot

The team bus of the Borussia Dortmund football club was damaged in an explosion last week.

By
Bob D’Angelo, Cox Media Group National Content Desk

DORTMUND, Germany -- German officials arrested a 28-year-old German-Russian man on suspicion of carrying out last week's bomb attack on a bus carrying the Borussia Dortmund soccer team, CNN reported Friday. Police said the man’s motivation to collapse the club’s share price so he could profit from stock market speculation, The Guardian reported.

On April 11, the day of the attack, the, man, identified as Sergej W., had bought a put option on Borussia Dortmund’s shares, giving him the right to sell the shares for a specified price at a predetermined date.

Had the explosives killed a member of the team and if the club’s share price had dropped, the value of his stock would have increased significantly, the Guardian reported.